IDC MarketScape

2016 has been a banner year for object-based storage (which we’ll refer to here as “OBS”). Thanks to recent advances, OBS platforms can now address a range of use cases beyond just backup and archive—including mobility, analytics, compliance, and media rendering and production. As the IDC MarketScape says, “The storage market is making strides in grasping what OBS is all about, and adopting it.”* According to a separate IDC forecast, OBS capacity will grow at a CAGR of 30.7% from 2016 to 2020, reaching 293.7EB in 2020. Likewise, OBS market revenue is expected to hit $19.8 billion that same year.**.